Macro Crude: Understanding Finance and The Global Economy (Oil, Stocks, Commodities, Currencies)

Zero Deals: Inside the US LNG Stall of 2025

15 Apr 2025

Contributed by Lukas

In Q1 2025, US LNG projects awaiting final investment decisions (pre-FID) failed to secure a single long-term contract, marking a first since 2021 des...

Why we think the US will join OPEC. Exploring a Radical Shift in Energy Strategy

29 Mar 2025

Contributed by Lukas

Could the United States, the world's top energy producer, ever join forces with OPEC? This episode unpacks the controversial, hypothetical scenari...

Shipping's Policy Crossroads in 2025: The IMO's Decarbonization Dilemma

27 Mar 2025

Contributed by Lukas

What happens in the seemingly dry debates at the International Maritime Organization (IMO) has profound implications for the future of global shipping...

China's Landmark Reform: Market Pricing for Renewable Electricity

27 Mar 2025

Contributed by Lukas

China is making a significant leap in its renewable energy policy with the release of a new landmark directive focused on market-oriented reform of wi...

Sovereign Carbon Credits: Impact on Voluntary Markets and Price Realities

21 Sep 2023

Contributed by Lukas

The emergence of sovereign carbon credits from forest-rich nations under Article 6 of the Paris Agreement is poised to transform the carbon credit lan...

EU ETS: Shipping emissions inclusion

24 Nov 2022

Contributed by Lukas

Shipping will be incorporated into the EU ETS from 2023, but in its current form will only require shipowners to pay for emissions on a tank-to-wake, ...

Japan announces a nuclear energy policy reversal

24 Aug 2022

Contributed by Lukas

Japan is considering building new nuclear plants (a reversal from the decision made in the after math of the Fukushima incident). Likely to be bearish...

US Clean Energy bill (Inflation reduction Act 2022): Implications for CCUS/DAC as incentives change

24 Aug 2022

Contributed by Lukas

Improved tax incentives for CCUS/DAC in the US. We explore both the tax rebate and the potential for scaling up CCUS facilities and how they compare w...

Germany Canada Energy trade deal 2022

22 Aug 2022

Contributed by Lukas

A trade deal that encompasses green hydrogen and critical minerals. At the heart of the energy transition and geopolitics that is bringing allies Germ...

The UK introduces an energy windfall tax: A good move or could it have been tweaked better

28 May 2022

Contributed by Lukas

Brief Analysis of the windfall tax introduced by the UK government.

Asian LNG prices: Fundamentals for global gas markets in Q2 2021

16 Apr 2021

Contributed by Lukas

Q2 21: Support from LNG Supply outages in the Pacific Basin and nuclear outages in Japan and Korea ·South Korea had to shut its HanulNo.1 and 2 nucle...

China's carbon market: Emissions Trading Scheme to start in June 2021

16 Apr 2021

Contributed by Lukas

Update on China’s Emissions Trading Scheme: When trading starts in      June – prices for allowances are now expected to trade sub US$1.5/t...

California's Carbon Cap and Trade Programme: A Primer

06 Apr 2021

Contributed by Lukas

This episode helps you understand the basics of California's carbon cap and trade programme. Its a primer that goes through the basic of the program, ...

The April 2021 OPEC+ meeting. Where the voice of the consumer of oil was heard loud and clear

06 Apr 2021

Contributed by Lukas

From Washington and New Delhi to Riyadh. How the voice of the oil consumer led Saudi Arabia and OPEC to bend and increase production

Why Asian LNG prices have risen in Q4 20?

09 Dec 2020

Contributed by Lukas

The premium of Asian LNG spot prices (JKM) over the US Henry Hub benchmark has widened to the highest level in nearly two years (spread >US$5/mmbtu...

Why US natural gas prices have weakened in November?

18 Nov 2020

Contributed by Lukas

Henry Hub prices at the prompt have weakened in November. Four key drivers Warmer than expected weather in the US (Temperatures are 24% higher than n...

US Shale: Recovering from COVID with high grading, higher efficiencies but lower rig counts

08 Aug 2020

Contributed by Lukas

As rig counts continue to fall. Producers are high grading ie. Shifting to tight oil areas with higher well productivity.  High grading is more p...

Impact of COVID on peak oil demand analysis: We test some of the bedrock efficiency assumptions of long term oil demand.

14 Jul 2020

Contributed by Lukas

Energy demand is 4% lower than it would have been without efficiency gains. Between 2015-2018 energy efficiency improvements helped reduce 3.5 Gt of C...

China's economy post COVID: A tailwind from re-shoring and localisation

13 Jul 2020

Contributed by Lukas

Impact of reshoring and localisation on China’s consumption •Chinese consumers spent ~ US$260 billion overseas over 2015-19 •As a result of res...

Oil Markets: Balance of downside risks and positives

11 Jul 2020

Contributed by Lukas

Oil Market Outlook. Oil (Brent crude) has managed to stay above US$40/bbl over the second week of July, despite a choppy macro environment and looming...

Japan's Energy Policy: Shutting old coal fire plants domestically, but banking and hi tech lobby groups support coal abroad

10 Jul 2020

Contributed by Lukas

Japan may need as much as 13 Mt of additional LNG by 2030 to help fill the gap left by the closure of the ~100 less-efficient coal-fired pow...

Why have LNG ship charter rates fallen to US$30,000/day in July 2020 vs. US$120,000/day in October 2019.

08 Jul 2020

Contributed by Lukas

The impact of US export turndowns this summer is one of the main reasons why spot freight rates have held so low over the past couple of months. Spo...

Carbon emissions math: Understanding the basic numbers behind our climate science and the target of keeping temperatures below 1.5 degrees

01 Jul 2020

Contributed by Lukas

In this podcast, we help you understand the carbon math we face as humanity trying to keep temperatures from rising below 1.5 degrees. Globally our ...

Mass migration in emerging markets accelerating because of COVID-19 impacting social and economic structures

29 Jun 2020

Contributed by Lukas

As a result of COVID, daily wage earners, labourers in megacities in Asia, South America, Middle East have been impacted.  As their daily stream ...

The two sides of decabonisation: EU is pivoting its fiscal power post COVID towards a greener future but Airline bailouts thus far dont have many climate conditions

28 Jun 2020

Contributed by Lukas

At the moment, the skew of investor and activist pressure on decarbonisation is highly towards energy producers (oil and gas). You rarely see climate ...

25th June 2020: Oil prices below $40/bbl and key takeaways from the Dallas Fed Survey of shale producers

25 Jun 2020

Contributed by Lukas

We go through the key drivers behind the Brent Crude oil price falling below US$40/bbl. A shift in sentiment from just days ago when prices were about...

23rd June 2020: Weakness in global LNG markets, how US exports of LNG have fallen and how that could impact natural gas prices in the US

23 Jun 2020

Contributed by Lukas

· The six major US LNG terminals reported a utilisation rate of 40% in late June as the marginal LNG supply source adjusts to lower gas prices. Since...

22nd June 2020: Shale oil sector impact from COVID-19 . Higher leverage ahead as assets get written down due to impairment.

22 Jun 2020

Contributed by Lukas

Shocked by BP's $13 - $17 billion charge? Well, Deloitte expects  the shale industry to impair/write-down the value of their assets by as much as...

20th June 2020: OPEC monitoring meeting takeaways

20 Jun 2020

Contributed by Lukas

OPEC+      compliance monitoring meeting ended this week with no press conference. The      group...

19th June 2020: Australian economy recovering post COVID. Good data from the economy down under

19 Jun 2020

Contributed by Lukas

The Australian economy is recovering at full steam. Solid retail sales show the resilience of the Australian consumer. And the GDP estimates are a lot...

Understanding our carbon footprint

17 Jun 2020

Contributed by Lukas

Making carbon relatable. How much carbon do we generate by using electricity on a household level. What's the capacity of trees to absorb the carbon. ...

June 14th 2020: Private capital will take the baton to fund oil projects from public listedcompanies

16 Jun 2020

Contributed by Lukas

Calpers pension fund announcing diverting ita assets to private equity as the need for returns as suppressed bond yields have an impact. While BP writ...

June 13th 2020: Emerging markets vs Developed markets

13 Jun 2020

Contributed by Lukas

A difference in the COVID case trajectory and how mobility is improving in each of these markets. Sparks a concern on the future for oil demand and ma...

June 13th: The relative resilience in oil prices and the recovery in stock prices

13 Jun 2020

Contributed by Lukas

Stock prices have recovered although turbulent but more importantly oil prices are showing relative resilience in the back of higher volatility in mac...

12th June: Equity market correction what they key drivers are behind the S&P500 falling to 3000

12 Jun 2020

Contributed by Lukas

A sharp correction in global stock markets. This episode explores the recent drivers and the state of play in financial markets

12th June: Why is crude oil below US$40/bbl? Key fundamental drivers behind weakness in oil

12 Jun 2020

Contributed by Lukas

Episode goes through chart of the day on our twitter account which shows refinery margins weak and refinery utilisation rates low. A big reason why ph...

Macro Crude: Understanding Finance and The Global Economy (Oil, Stocks, Commodities, Currencies) (Trailer)

11 Jun 2020

Contributed by Lukas